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CPO prices rebound on news of China buying soyoil

PETALING JAYA: Prices of crude palm oil (CPO), which touched the lowest level in four years, rebounded following news that China will increase its purchase of US soyoil.

Petrobras hikes diesel price, eyes divestments amid investor unease

RIO DE JANEIRO/SAO PAULO: Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.

No changes to PetDag's earnings forecast on increase in dealer commissions

KUALA LUMPUR: Petronas Dagangan Bhd's earnings margin is not expected to be impacted by the government's announcement that dealer comissions for RON95 and diesel will be raised by 2.81 sen and three sen respectively.

Govt can save RM10.7m in subsidies with B10 biodiesel

KUALA LUMPUR: The use of B10 biodiesel in the transportation sector can help the government save RM10.7 million in subsidies annually, if it is successfully implemented, said Primary Industries Minister Teresa Kok Suh Sim.

Johor groups hope for incentives and subsidies in Budget 2019

JOHOR BARU: The federal government should come up with incentives to ease the burden of doing business in the upcoming Budget 2019.

Brazil oil workers begin strike in new blow to government

RIO DE JANEIRO/SAO PAULO (Reuters) - Brazilian oil workers began a 72-hour strike on Wednesday in a new blow to President Michel Temer following a nationwide trucker protest that has strangled Latin America's largest economy for over a week.

Brazil trucker protest lingers after diesel agreement

SAO PAULO (Reuters) - A nationwide truck drivers' protest in Brazil was slow to wind down on Friday despite an agreement to end the mobilization, with many highway blockades in place for a fifth straight day rattling sectors of the economy ranging from agribusiness to auto factories.

Association seeks minimal swings in weekly fuel prices

PETALING JAYA: The new petrol and diesel price to be announced weekly should not pose a problem if the change to the weekly ceiling price is not too high, Petrol Dealers Association president Datuk Khairul Annuar says.

Petrol dealers: Fuel price hike rumours are unverified

PETALING JAYA: While fuel prices are expected to increase this month, rumours on social media today are unverified, said the Petrol Dealers Association of Malaysia (PDAM).

Mexican protesters' blockades cause "critical situation" - Pemex

MEXICO CITY (Reuters) - Blockades of fuel storage terminals by protesters angered by a double-digit increase in gasoline prices has led to a "critical situation" in at least three Mexican states, state oil company Pemex said on Tuesday.